Bluemercury

Macy’s, Inc. Reports Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Tuesday, February 27, 2024

Macy’s, Inc. (NYSE: M) today reported financial results for the fourth quarter and full-year 2023 and provided fiscal 2024 guidance.

Key Points: 
  • Macy’s, Inc. (NYSE: M) today reported financial results for the fourth quarter and full-year 2023 and provided fiscal 2024 guidance.
  • Financial highlights are reported on a 14-week basis for the fourth quarter of 2023 and on a 13-week basis for the fourth quarter of 2022 unless otherwise noted.
  • This compares to diluted earnings per share of $1.83 and Adjusted diluted earnings per share of $1.88 in the fourth quarter of 2022.
  • Gross margin for the quarter was 37.5%, up from 34.1% in the fourth quarter of 2022.

Macy’s, Inc. Announces “A Bold New Chapter” – Challenging the Status Quo to Fundamentally Reposition the Company, Enhance the Customer Experience, Deliver Growth and Unlock Shareholder Value

Retrieved on: 
Tuesday, February 27, 2024

Macy’s, Inc. (NYSE: M) today announces its new strategy, A Bold New Chapter, designed to return Macy’s, Inc. to enterprise growth.

Key Points: 
  • Macy’s, Inc. (NYSE: M) today announces its new strategy, A Bold New Chapter, designed to return Macy’s, Inc. to enterprise growth.
  • “A Bold New Chapter serves as a strong call to action.
  • With a strong financial foundation, Macy’s, Inc. is positioned to successfully drive sustainable, profitable growth and create shareholder value.
  • For additional details on A Bold New Chapter, visit macysinc.com/investors.

Tony Spring Takes Helm as Chief Executive Officer and Chair-Elect of Macy’s, Inc.

Retrieved on: 
Friday, February 2, 2024

Macy’s, Inc. (NYSE: M) today announced that, in connection with its leadership succession plan announced on March 29, 2023, Tony Spring (58) will serve as chief executive officer of the company, effective February 4, 2024.

Key Points: 
  • Macy’s, Inc. (NYSE: M) today announced that, in connection with its leadership succession plan announced on March 29, 2023, Tony Spring (58) will serve as chief executive officer of the company, effective February 4, 2024.
  • Spring succeeds Jeff Gennette (62), who is retiring as chief executive officer after serving the company for 40 years.
  • Gennette will continue as chair of the board until the company’s 2024 Annual Meeting, with Spring becoming board chair as of the Annual Meeting.
  • View the full release here: https://www.businesswire.com/news/home/20240202151147/en/
    Tony Spring Takes Helm as Chief Executive Officer and Chair-Elect of Macy’s, Inc. (Photo: Business Wire)
    “Tony is the ideal CEO to build on our momentum and lead Macy’s, Inc. into the future.

Macy’s, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 16, 2023

Macy’s, Inc. (NYSE: M) today reported financial results for the third quarter of 2023 and updated its annual guidance.

Key Points: 
  • Macy’s, Inc. (NYSE: M) today reported financial results for the third quarter of 2023 and updated its annual guidance.
  • We delivered better-than-expected top and bottom line third quarter results and are entering the holiday period in a healthy inventory position.
  • Gross margin rate for the quarter was 40.3%, up from 38.7% in the third quarter of 2022.
  • SG&A expense dollars were also favorable due to a roughly $10 million timing shift of certain previously estimated expenses from the third quarter to the fourth quarter.

BeautyHealth Announces Leadership Transition

Retrieved on: 
Monday, November 13, 2023

“On behalf of the Board of Directors, I would like to thank Andrew for his leadership and commitment to BeautyHealth.

Key Points: 
  • “On behalf of the Board of Directors, I would like to thank Andrew for his leadership and commitment to BeautyHealth.
  • He has been a passionate advocate for the Company, especially adding to its visibility within the broader beauty and aesthetics industries through innovative partnerships and thought leadership.
  • He added: “Marla is a beauty industry veteran and trusted voice on the BeautyHealth Board.
  • “It has been an honor to lead BeautyHealth, and I would like to thank Brent and the Board for the opportunity.

Macy’s, Inc. to Hire for More Than 38,000 Seasonal Positions

Retrieved on: 
Monday, September 18, 2023

Macy’s, Inc. (NYSE: M) today announced plans to hire for more than 38,000 full- and part-time seasonal positions this upcoming holiday season at its Macy’s, Bloomingdale’s and Bluemercury stores, as well as its distribution centers.

Key Points: 
  • Macy’s, Inc. (NYSE: M) today announced plans to hire for more than 38,000 full- and part-time seasonal positions this upcoming holiday season at its Macy’s, Bloomingdale’s and Bluemercury stores, as well as its distribution centers.
  • This year’s number of seasonal positions at Macy’s, Inc. are consistent with open positions in 2022.
  • “We are pleased to enhance our team of customer service professionals during the holidays with more than 38,000 seasonal positions.
  • Seasonal positions are open at all store and distribution center locations nationwide with greater hiring opportunities available in the following markets:

OURSELF LAUNCHES EXCLUSIVE BEAUTY INNOVATION IN BLUEMERCURY STORES NATIONWIDE

Retrieved on: 
Tuesday, September 19, 2023

NEW YORK, Sept. 19, 2023 /PRNewswire/ -- Ourself, the first-ever Subtopical Skincare System™ where biotech science meets beauty, announced today the exclusive launch of its newest skincare innovation HA+ Replenishing Eye Serum into 120 Bluemercury doors nationwide and on bluemercury.com.

Key Points: 
  • NEW YORK, Sept. 19, 2023 /PRNewswire/ -- Ourself, the first-ever Subtopical Skincare System™ where biotech science meets beauty, announced today the exclusive launch of its newest skincare innovation HA+ Replenishing Eye Serum into 120 Bluemercury doors nationwide and on bluemercury.com.
  • Founded by disruptors in life sciences and medical aesthetics, Ourself is revolutionizing an entirely new category to rival traditional skin care for clinical-level results without invasive procedures.
  • With this exciting new product innovation, Ourself continues to deliver science-backed results that tackle the top three global skin concerns - now including the eye," says Co-Founder & CEO Vimla Black-Gupta.
  • In addition to Bluemercury, Ourself can also be found online at ourself.com.

BLUEMERCURY EXPANDS PROPRIETARY BRANDS PORTFOLIO WITH THE LAUNCH OF CERULEAN 6°

Retrieved on: 
Monday, September 18, 2023

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- Bluemercury, a leading destination for luxury beauty and nameplate of Macy's, Inc, recently announced the expansion of its proprietary brands portfolio and its launch into a new category with the introduction of its first bath, body and home fragrance line, Cerulean 6°. 

Key Points: 
  • Created for those with the highest standards for bath, body and home fragrance experiences, Cerulean 6° elevates everyday rituals and stimulates the senses through its highly curated assortment of fragrance-led products.
  • "Internal innovation has always been an important element of our business, allowing us to build brands that deliver solutions based on direct feedback from our clients, and Cerulean 6° is no different as it addresses an expressed desire for luxe essentials in the bath, body and home fragrance category," said Julie Kelly, Head of Proprietary Brands at Bluemercury.
  • "Cerulean 6° was developed for the client seeking exquisite experiential fragrance-led products at an approachable price point, and to make everyday moments feel more extraordinary."
  • ): Developed with essential fragrance oils, a custom blend of soy waxes and wicks constructed with natural fibers to elevate your space.

U.S. Cotton Trust Protocol Welcomes Macy’s, Inc. as Member

Retrieved on: 
Tuesday, September 12, 2023

The U.S. Cotton Trust Protocol (“Trust Protocol”) is pleased to announce the membership of Macy’s, Inc.

Key Points: 
  • The U.S. Cotton Trust Protocol (“Trust Protocol”) is pleased to announce the membership of Macy’s, Inc.
  • View the full release here: https://www.businesswire.com/news/home/20230912647143/en/
    U.S. Cotton Trust Protocol welcomes Macy's as a brand and retailer member.
  • (Graphic: Business Wire)
    Trust Protocol membership will bolster Macy’s efforts in sourcing cotton sustainably, driving positive social and environmental change within the cotton industry and enhancing transparency throughout its supply chain.
  • This commitment now includes sourcing U.S. Cotton and Protocol Cotton, which is grown and harvested on Trust Protocol growers’ farms and recorded in the Protocol Consumption Management Solution – which tracks cotton through the supply chain, ensuring transparency and accountability.

Macy’s, Inc. Reports Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 22, 2023

Macy’s, Inc. (NYSE: M) today reported financial results for the second quarter of 2023 and updated its annual guidance.

Key Points: 
  • Macy’s, Inc. (NYSE: M) today reported financial results for the second quarter of 2023 and updated its annual guidance.
  • This negatively impacted second quarter results and led to an increase in the portfolio’s bad debt outlook.
  • Gross margin rate for the quarter was 38.1%, down from 38.9% in the second quarter of 2022.
  • Shortage in the second quarter of 2023 was informed by a June physical inventory count in certain categories.